For Asia, UBS has aggressive plans

China will be a particular focus as the Swiss bank plumbs a region that helped it survive global financial crisis

By

Alison Tudor

Updated Jan. 19, 2011 12:01 a.m. ET

SHANGHAI—UBS AG's Asian business helped save it from near collapse during the financial crisis, and now the Swiss bank plans to hire in the region faster than elsewhere, Chief Executive Officer Oswald Grübel said.

UBS, the European bank hit hardest by the financial crisis, has particularly aggressive plans in China this year, as it hires investment bankers and about 90 equities salesmen.